MLV & Co Starts Stock Coverage on Starwood Hotels (HOT)

By admin | 6 years ago

Equities researchers at MLV & Co began coverage on shares of Starwood Hotels (NYSE: HOT) in a report issued on Wednesday. The firm set a “hold” rating and a $61.00 price target on the stock.

Starwood Hotels traded down 1.61% on Wednesday, hitting $52.47. Starwood Hotels has a 1-year low of $35.78 and a 1-year high of $60.81. The company has a market cap of $10.370 billion and a price-to-earnings ratio of 17.78.

Starwood Hotels last released its earnings data on Thursday, April 26th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.12. Starwood Hotels’s revenue was up 32.4% compared to the same quarter last year. Analysts expect that Starwood Hotels will post $0.52 EPS next quarter.

A number of other firms have also recently commented on HOT. Analysts at Zacks reiterated a “neutral” rating on shares of Starwood Hotels in a research note to investors on Thursday, May 3rd. They now have a $64.00 price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Starwood Hotels from $55.00 to $59.00 in a research note to investors on Friday, April 27th. They now have a “hold” rating on the stock. Finally, analysts at UBS AG (NYSE: UBS) cut their EPS estimates on shares of Starwood Hotels in a research note on Friday. They now have a “buy” rating and a $67.00 price target on the stock.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The Company conducts its hotel and leisure business both directly and through its subsidiaries.

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